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Apple revenue, profits beat expectations on iPhone, Mac sales
Strong iPhone and Mac sales lifted revenue 16% to $109.4 billion, while Apple’s profit also beat Wall Street estimates.
- Apple Inc reported record revenue of $109.4 billion and a net profit of $29.8 billion for the fiscal third quarter ending June 27, 2026, exceeding consensus estimates on Wall Street.
- Performance was driven by a 21.7% surge in iPhone sales to $54.25 billion and 28.7% growth in Mac revenue to $10.35 billion, while Services revenue reached $30.74 billion, illustrating sustained demand across all segments.
- Noting the 50.1% gross margin included a 2 percentage point benefit from tariff refunds, Apple CEO Tim Cook described supply shortages as an "unprecedented challenge" for the CONSUMER ELECTRONICS industry.
- The Company declared a $0.27-per-share quarterly dividend to Shareholders, while departing from its long-held goal of returning all cash to investors to fund internal priorities.
- While Apple has not increased iPhone prices, analysts anticipate potential adjustments later this year as the Company retains liquidity for future ARTIFICIAL INTELLIGENCE-driven software innovations.
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51 Articles
At Apple, sales and earnings are rising significantly. However, the Group is missing the analysts' expectations in two areas. Amazon is convinced in an important segment. The share is growing strongly.
·Berlin, Germany
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For his latest results under the direction of Tim Cook, Apple posted on Thursday a new record quarter, doped by the iPhone, but disappointed Wall Street by announcing predictions of the shortage of components caused by the rise of the AI.
·Montreal, Canada
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Apple revenue, profits beat expectations on iPhone, Mac sales as Tim Cook era nears end
Apple on Thursday reported sales and profits that beat Wall Street expectations, fueled by its customers snapping up iPhones and MacBooks amid price increases across the consumer electronics sector.
·New York, United States
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Coverage Details
Total News Sources51
Leaning Left9Leaning Right11Center14Last UpdatedBias Distribution41% Center
Bias Distribution
- 41% of the sources are Center
41% Center
L 27%
C 41%
R 32%
Factuality
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